Subordinated Seller Note definition

Subordinated Seller Note means the $80,000,000 promissory note issued to Spectra Physics Holdings USA, Inc. by the Company pursuant to the Stock and Asset Purchase Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time in accordance with its terms.

Subordinated Seller Note means that certain Secured Subordinated Promissory Note, dated April 12, 2007 made by the Borrower in favor of the Company.

Subordinated Seller Note means the promissory note from the Borrower or any of its Subsidiaries to GenCorp Inc., an Ohio corporation, subordinated in right of payment to the prior payment of the Credit Party Obligations and containing subordination and other terms acceptable to the Administrative Agent.

Examples of Subordinated Seller Note in a sentence

• The aggregate consideration for the Acquisition shall not exceed $114,000,000 (excluding the GenCorp Earnout Obligations) and a portion of such consideration shall consist of the Subordinated Seller Note in the principal amount of $25,500,000.

• The Issuer shall not make, nor cause any of its Subsidiaries to make, any prepayment of any principal amount of the Junior Subordinated Seller Note, so long as any principal of or interest on this Note or any other amount payable hereunder remains unpaid.

• The Borrowers acknowledge that the Administrative Agent and each Lender are entering into this Agreement and are extending the Aggregate Revolving Loan Commitment and Term Loans in reliance upon the subordination provisions of the Subordinated Seller Note and this Section 6.25.

• Notwithstanding any provision to the contrary herein, the parties hereto agree that any Set-Off Amount (as defined in the Stock Purchase Agreement) shall be applied to reduce this Note or the Junior Subordinated Seller Note in accordance with the provisions of Section 9.06(d) of the Stock Purchase Agreement.

• Notwithstanding any provision to the contrary herein, the parties hereto agree that any Set-Off Amount (as defined in the Stock Purchase Agreement) shall be applied to reduce this Note or the Senior Subordinated Seller Note in accordance with the provisions of Section 9.06(d) of the Stock Purchase Agreement.

More Definitions of Subordinated Seller Note

Subordinated Seller Note means a promissory note in the amount of approximately $70,000,000 (representing the difference between the assets received by ITG and BST, respectively, pursuant to the Permitted Reorganization Transactions) made by BST and payable to ITG.”

Subordinated Seller Note means that certain $4,500,000 (face amount) note dated August 2, 2002, a copy of which is attached hereto as Exhibit A to the Subordination Agreement, relating to BORROWER's remaining payment obligations under the Asset Purchase Agreement.

Subordinated Seller Note means that certain Subordinated Accreting Note, dated as of August 24, 2007, made by Pacific Energy in favor of Forest Oil Corporation in the original principal amount of $29,250,000.

Subordinated Seller Note means that certain promissory note, dated as of July 6, 2018, by and between certain of the Debtors and the Delta Health Noteholders (as amended, restated, consolidated, superseded, modified, or supplemented from time to time).

Subordinated Seller Note means a promissory note issued by any Loan Party to the applicable seller as part of the consideration paid by any Loan Party to such seller in connection with a Permitted Acquisition.

Subordinated Seller Note means that certain Subordinated Promissory Note, dated as of the Second Amendment Effective Date, made by Enservco to Seller, in the original principal amount of $4,800,000.

Subordinated Seller Note means a promissory note issued by any Loan Party to the applicable seller as part of the consideration paid by any Loan Party to such seller in connection with a Permitted Acquisition. Subsidiary of any Person at any time shall mean any corporation, trust, partnership, any limited liability company or other business entity (i) of which more than 50% of the outstanding voting securities or other interests normally entitled to vote for the election of one or more directors or trustees (regardless of any contingency which does or may suspend or dilute the voting rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s Subsidiaries, or (ii) which is controlled or capable of being controlled by such Person or one or more of such Person’s Subsidiaries.